Philadelphia PA Fix & Flip
Address: Philadelphia, PA
Borrower Profile: Experienced stepbrother investor team
Work Description: Purchase and rehab for mixed use building in Philadelphia
Purchase Price: $320,000
Renovation Budget: $1,000,000
Loan Amount: $1,122,000
Cash Available for Purchase: $122,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $1,900,000
Situation:
Substantial renovation of a mixed building in the Kensington neighborhood of Philadelphia. The borrowers were a very experienced team having completed over ten deals in the previous year and a half. One member of the team has extensive experience in construction.
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